There is usually a lot of negotiations, documentation, inspections, deals, and others when you are dealing with real estate transactions. If you have no prior experience in selling your house, then you will soon find yourself overwhelmed by these processes. Hiring a real estate agent is the best course of action to take because he can help you in these things.
But, when it comes to the legalities and agreement documentation which are necessary, then hiring a real estate agent will be of benefit for a thorough oversight. With a real estate lawyer working for you, your rights as a seller will be protected. And if there are engagements with prospective buyers that you cannot attend to, then your real estate lawyer can legally represent you in any of these.
Your real estate lawyer will give assurance to potential buyers that you have a clean home title and that there are no liens on the property. Not addressing and reviewing the title and liens on your property properly can lead to great problems in the future. If there are details that you will miss, and it becomes an issue on your home, you could be held responsible financially for them. This is a benefit of having a real estate lawyer because the burden is placed on him to ensure that everything in the property is clean.
All the preparation of paperwork including purchase agreements, terms of contract and other legal forms that need both yours and the buyer’s signature is the responsibility of your real estate lawyer. Since the paperwork is being handled by a legal mind, you can be assured that all bases will be covered.
If you want to have a high chance of getting the favor of negotiations for terms of agreement, then it is good to hire a real estate lawyer.
A real estate lawyer is important when closing deals They will be the ones to handle transfer of security deposits and insurance certificates. Most of the time transaction closing is done in a lawyer’s office. The reason for this is that most people do not really know the laws associated with closing a transaction. If there are threats you face during the transactions, your real estate lawyer will protect you.
Transactions and paperwork in real estate engagements are complicated. There is a risk of lawsuit for most sellers. If you want everything handled proper to avoid lawsuits, then you should hire a good real estate lawyer. With a lawyer, all these burdens and risks are removed from your shoulders.
You can hire a real estate agent to market and sell your house but you also need to hire a real estate lawyer to make the transactions with the buyer hassle and worry free.